By form - Southampton
By squad - you'd have to say United, particularly if they are able to shore up their defence by shelling out another wedge in January
Or Anything - only then MIGHT it be us if you presume that the stars align and we're going to hit a hot streak in the second half of the season due to players returning from injury, our conditioning and perhaps a bit more competition for places as the new signings start to find their feet....
But I think this is still premature - lets find a bit of form first and get the avg ppg up before Christmas to get a better sense of where this is going to end up.
One of the three - five teams (aside from Southampton) that will be challenging has to find some consistency soon, and if they do then the chances of achieving Top 4 will be a whole lot clearer.. You'd have to say that on the basis of our current performances it isn't likely to be us, but lets see if Brendan can earn his money before getting too downbeat.
There's still every chance that we'll end up somewhere between 10th and 3rd IMO.
A more interesting question given our struggle to prepare for two games in a week is whether we'd prefer to finish in EL spot or further down the table to avoid it if CL footy falls out of our reach this year?
By the conventional use of the word squad, this simply isn't true. Our rivals for fourth all have vastly inferior squads to us. One of them, United, have a better starting eleven than us.
For people who complain about our transfer policy, consider that after almost every poor performance it is a) our transfer policy which is criticised and b) our traditional scapegoats. If we had decided to go for the Marquee policy we would have ended up much like United - with an awful back line and gaps all over the squad.
We would have ended up with no replacement for Johnson, let alone a backup if he were to be injured. We would have ended up with Enrique at left back, with no one to replace him if he got injured (anyone who would have been happy with that after his most recent performance is mad).
We would have ended up with a currently injured Sakho, a probably injured Agger, leaving us with Skrtel and Toure as our starting back two. Top four material? Maybe 4 seasons ago.
We would have ended up with one striker - Sturridge being injured and Lambert and Borini being considered not good enough. This Marquee striker would have most likely been Falcao which seemed to be the only story with legs. He is currently injured, leaving us with 0 strikers.
I mean honestly the idea that we could have gone and bought three players to solve our problems is total lunacy. We didnt have the resources or the base squad for it.
Edit: Additionally, though we were dire for large parts of the Newcastle game, in our last three games we've conceded only 2 goals. I think Rodgers made a concious deciison just before the Hull game that we were going to play more cautiously and wear teams down. That seemed to be working against Hull and I think it was our plan with Newcastle but we gave away a silly goal which was more misfortune than anything.