Slow loading issues after going live

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I recently uploaded my new built site to rackspace and the site is opening very slowly -

This is the test result,
From what the trace did capture, most of the load time of the page was spent issuing 5,336 queries to the mysql database. A default Wordpress install by comparison would make approximately 20 writes to the mysql server. This high number of queries would slow down a site, however this issue is exacerbated within a clustered environment such as ours more so than in a traditional hosting environment as the database is not stored directly on a web server but on a different server requiring a tcp request and response on each mysql query made. I would highly recommend changing the configuration on the site so that not so many mysql queries are required per page load such as consolidating multiple queries, caching the html of the page, or removing the code that is causing most of these queries to be run.

Please advise

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