This was a nasty week, and Jim Cramer was thankful when it finally ended. Unfortunately, he does not expect anything good from this market in the near-term. It made sense to Cramer that the market would go higher with China being able to mount a rally on Friday and nonfarm payroll data showing bountiful job gains — but that was not the case, as the Dow dropped triple digits in the close. "As I've told you all week, do not expect anything good from this market," the "Mad Money" host said. (Tweet This) Cramer speculated that the only reason the Chinese market rallied was because its government propped up the market with buying. That is great short term but will not be sustainable in the long run. Especially since Cramer believes that the Chinese government is making these moves up as it goes along. "Put simply, it's a phony market. We have lost all confidence in the Chinese Communists' ability to run either their stock exchanges or for that matter, their economy, and that loss of faith is translating into genuine fear of some sort of systematic crisis that could hurt worldwide growth," Cramer said. Read More Cramer's game plan: Pain now, gain later



The real rub for Cramer is that in the world of marginal growth, China has basically been the main buyer of every raw good out there. Now it has turned into a seller, dumping everything from aluminum to steel into the world market. The problem with China is that, unlike the United States, China was a place for emerging markets to sell goods, especially natural resources. Without Chinese demand, there will be too much of everything that involves commercial construction, notably the metals and mining equipment. The loss of China translates into a loss of global growth and emerging growth. The impact to the economy is felt in the ripple effects by every U.S. company that exports goods overseas. "Look, I'm not saying we've lost China. I am saying that the real worries about China don't have much to do with its stock market," Cramer said. Read More Cramer: My REAL worry for China (it's not stocks)

Many people have ruminated about the future direction of oil prices, but there is one guy who actually got the lower-for-longer call right before it happened. Cramer considers Rusty Braziel to be one of the most respected authorities of the energy space. Braziel is the president and principal energy markets consultant for RBN Energy, a one-stop shop for energy data, analysis and market commentary. Given how important the price of oil has become to the direction for the stock market, Cramer considered it crucial to get a reality check from Braziel. "Let's say the Saudis reduce their production. So, what's going to happen? Prices go back up. Then U.S. producers are going to jump in there, produce more. And if they do, then the prices are going to go right back down. So, now the Saudis have got less market share and less price. Why would they do that? It would just be nuts," Braziel said.