You need to wait for your Mac to finish indexing before guaging the speed of anything. Indexing is very processor intensive and your Mac is bound to run slowly during that process.
You can give us all the informmation by going to Menu > About this Mac > and tell us Version, Processor & Memory specs on your Mac. Also available hard disk space, by choosing your Macintosh HD and "GetInfo" (cmd-i) and an info window will open.
Okay. I will wait until the indexing stops and see if that helps. Thanks a lot for the feedback. I was feeling really frustrated!