Wake me up when Arsenal actually have a squad that's capable of challenging. Every summer it's the same old story, "we only need position X, Y & Z filled and we are up there".
I don't think we'll ever really "challenge" for a league title until we get over this mental-block vs Man United and Chelsea. We even lost to Moyes, got thrashed 6-0 by Mourinho, etc. The squad is amazing right now, but the last time we had confidence and fearlessness, it was 2007.
Still, you have to admit we've come a loooong way since the Almunia era. From the likes of Denilson, Squillaci, Bendtner, etc. to Ozil, Alexis, and Cech. Back then, we honestly belonged down in 7th with Liverpool and Spurs, 4th really was an achievement with the crap in our starting 11. Even so, I'm not confident until we upgrade from Giroud. A world class striker would go a long way.