It's 6 games in, if we weren't "around" our rivals we'd be at the bottom of the table. Which, by the way, is not too far from the truth. We're 7 points behind City, 5 points behind United, 2 points behind Arsenal. The only reason we're in front of Chelsea is because they've had a horrendous start to the season. Even Spurs, who have impressed no one, are a point ahead.
So in my opinion, your "point" doesn't stand at all. Let's see if those 7, 5, and 2 points have increased or decreased at the 10 matches played mark. Where would you put your money?