As the markets push towards all time highs, financial stocks like JPMorgan Chase & Co. (NYSE:JPM) are dropping sharply. Today, JPMorgan is trading at $47.78, -0.86 (-1.77%). European concerns continue to mount as Cyprus is set to reopen their banks on Thursday. The reason why there is mounting concern, stems from a possible run on the banks. A run on the banks in Cyprus would have little impact, but there is continuing talk that it may spread to other European countries. If there is contagion and people pull money out of their banks across Europe, it could collapse the banking system. The exposure JPMorgan and the other banks have would be immense.