This is a classic problem in backtracking (or parallel parsing, they are basically the same thing).... Backtracking grows (at worst) exponentially with the size of the input, so the time to parse something can suddenly explode. In practice backtracking works OK in language parsing for most input, but explodes with recursive infix operator notation. You can see why by considering how many possibile ways this could be parsed (using made up & and % operators):
a & b % c & d
could be parsed as
a & (b % (c & d))
a & ((b % c) & d)
(a & (b % c)) & d
((a & b) % c) & d
This grows like 2^(n-1). The solution to this is to add some operator precidence information earlier in the parse, and throw away all but the sensible cases.... You will need an extra stack to hold pending operators, but you can always go through infix operator expressions in O(1).
LR parsers like yacc do this for you.... With a parser combinator you need to do it by hand. In parsec, there is a Expr package with a buildExpressionParser function that builds this for you.