Thoughts on a hung parliament

I've been meaning to write a post on the "uncertainty" engulfing the UK at the moment, comparing the uncertainty of a hung parliament with the regime uncertainty offered by a strong government. It's not clear to me which is worse. It is clear that the term "uncertainty" gets bandied about a lot. However all I can offer for now is the following, quoted by freshbusinessthinking.com

We are still waiting for the market to deliver its verdict on the state of the public finances. The election campaigns ignored the elephant in the living room as all parties refused to tackle the debt crisis for fear of scaring voters. When that verdict is made, there will be little advanced warning and no real surprise. It seems naive at best to believe we are even close to the road to recovery - eye of the storm more like