On another forum someone was saying that the movie of Arsenal being contenders looks like it's going to repeat. People like to have fun with the supposed scouse boom-bust cycle, but I think there's also an Arsenal version of that--the difference is it's that EVERYONE gets in on it (many in this thread).
So the plot of the movie which is on annual loop goes like this:
1. Arsenal will come out of the races on fire, lots of fancy flicks and lots of sexy football. Walcott looking like the new Henry, etc.
2. Probably in October or November l they will be on top of the league, and stay there for a while.
3. The media and fans on rival forums (except for whatever reason rag cafe--oddly enough, the rags are the one set of fans that always see this one ahead of time) will start predicting that Sanchez is going to be the catalyst this season, and will use Sanchez to respond to those that call them out for yet again thinking that Arsenal will win the league.
4. Around February or March Arsenal will have a "dip in form".
5. Right around then they will be battered by one of the Manchester teams or Chelsea.
6. The mental meltdown chain reaction will start, and they will plummet down the table.
6a. Some apologists will say that "if not for all these bunch of injuries" that poor Arsenal have had, they'd have been well on their way to winning their league. They will ignore it when it's pointed out to them that other teams will also have had their own injuries at that point.
7. They will crunch it out in the end and just squeak fourth, and everyone will marvel at how they keep qualifying for the Champions League with limited resources and building a team "the right way".
Repeat for the 2015-16 season, replace Sanchez with some small, sort of tricky, attacking midfielder signing that they will make next summer.
My prediction? Distant third at best. Probably fight for 4th with Everton, us, the Rags and Spurs. I think 3rd place this season will be closer to 5th place in points than to 2nd place.