Whilst you're not wrong. It may be possible to sign slightly better players during that period and do better over the rest of the season than signing slightly worse players before the season starts. It's all so hypothetical that I'd just like to see how it all pans out.
It's also worth noting...
That's pretty much what he said last month. http://www.theargus.co.uk/sport/11275408.No_pressure_but_Bloom_believes_Hyypia_will_have_another_competitive_squad_to_target_top_six/
I'm sorry, you're a great NSCer but this is tosh. Bloom IS throwing money down the drain. That is the nature of football and we're lucky to have him. Almost no-one makes money out of football.