It's been doing a pretty steady incline. So what? That number only gives you an idea of money in long positions on listed company stock at any given moment. GS

It's been doing a pretty steady incline. So what? That number only gives you an idea of money in long positions on listed company stock at any given moment. GS isn't making their money because the market as a whole is going up (or, at least not directly from long positions), they're making it because they can make some unbelievably large number of bets a day where they have just enough of an information advantage to expect to make fractions of a cent in profit on each.