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Jim Cramer says the six things needed for market stability didn't happen this week

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'This is not the moment to go heroically over the top and try to buy something,' said CNBC's Jim Cramer.

Interest rates went in the wrong direction this week, soaring rather than leveling off. Expensive stocks jumped instead of dipping. Meanwhile, recession-resistant stocks did not see the upswing they needed.

One item on the checklist did pull through: Banks outperformed. If banks keep stable, Cramer said they'll be valuable by leading the market while coexisting with higher rates.Join Jim Cramer and Club portfolio director Jeff Marks on Saturday for our first annual meeting, live from 10:30 a.m. ET to around 4 p.m. ET, with members in New York City. They'll talk about the Club's investing strategies and outlook for 2023, and answer questions from the audience and members at home.

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He’s right - he didn’t say Sell 6 times this week

This rally is going to continue?

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