Liverpool went into the international break sitting second place in the Premier League, having slipped to a last-minute defeat against Chelsea thanks to a fine finish from Brazilian youngster Estevao.
Football has become fickle
The Reds get their Premier League campaign back underway by welcoming rivals Manchester United as they seek to end their current losing streak of 3 games in a row, which had led many to question their chances of winning the title.
Speaking on behalf of Casino.co.uk, Owen stated that football has become too reactionary and fickle, as a few games does not mean Liverpool’s title hopes are over.
"I'd be obviously disappointed with the Chelsea defeat, but Stamford Bridge is a tough place to go, it's never easy. I certainly can't remember ever winning there as a player.
"That game could have gone either way, and it's not like Liverpool are playing badly. I wouldn't be as hot and bothered as some people are about it."
Liverpool must win their next game
The Reds sit one point behind Arsenal who look unstoppable at the moment under manager Mikel Arteta, whose side face Fulham once the break is over.
Owen says Liverpool must win their next game to prove doubters wrong and regain confidence if they are to keep up with The Gunners.
"It's interesting with Liverpool, if we spoke before the defeats, we'd be saying, 'what a fantastic start, five out of five wins in the Premier League, one out of one in the Champions League.'
"After three defeats, suddenly it almost feels like a 'mini crisis', or at least that's what people are labelling it. It just shows how fickle football is and how quick it can change.
"They've just got to make sure that they win their next game and bounce out of it. Then people will focus on something else again."