I'm trying to get my Vim to update on the fly after editing vimrc. So I followed the instructions at Vimcast which basically source vimrc every time you hit save.

But that doesn't work for some reason (when I save my vimrc it doesn't give any errors), so I decided to run source $HOME/.vimrc manually and here's what I got:

    -bash:  Configuration file for vim
            set nocompatible                              : command not found
    -bash:  Plugin Management {
            filetype off                                  : command not found
    -bash: .vimrc: line 7: syntax error near unexpected token `('
    -bash: .vimrc: line 7: `        call vundle#rc()'

And here's my Vim info (I'm running Mac OS X 10.7.3):

    VIM - Vi IMproved 7.3 (2010 Aug 15, compiled Jul 31 2011 19:27:29)
    Compiled by [email protected]
    Normal version without GUI.  Features included (+) or not (-):
    -arabic +autocmd -balloon_eval -browse +builtin_terms +byte_offset +cindent 
    -clientserver -clipboard +cmdline_compl +cmdline_hist +cmdline_info +comments 
    -conceal +cryptv +cscope +cursorbind +cursorshape +dialog_con +diff +digraphs 
    -dnd -ebcdic -emacs_tags +eval +ex_extra +extra_search -farsi +file_in_path 
    +find_in_path +float +folding -footer +fork() -gettext -hangul_input +iconv 
    +insert_expand +jumplist -keymap -langmap +libcall +linebreak +lispindent 
    +listcmds +localmap -lua +menu +mksession +modify_fname +mouse -mouseshape 
    -mouse_dec -mouse_gpm -mouse_jsbterm -mouse_netterm -mouse_sysmouse 
    +mouse_xterm +multi_byte +multi_lang -mzscheme +netbeans_intg -osfiletype 
    +path_extra -perl +persistent_undo +postscript +printer -profile -python 
    -python3 +quickfix +reltime -rightleft -ruby +scrollbind +signs +smartindent 
    -sniff +startuptime +statusline -sun_workshop +syntax +tag_binary 
    +tag_old_static -tag_any_white -tcl +terminfo +termresponse +textobjects +title
    -toolbar +user_commands +vertsplit +virtualedit +visual +visualextra +viminfo 
    +vreplace +wildignore +wildmenu +windows +writebackup -X11 -xfontset -xim -xsmp
    -xterm_clipboard -xterm_save 
    system vimrc file: "$VIM/vimrc"
    user vimrc file: "$HOME/.vimrc"
    user exrc file: "$HOME/.exrc"
    fall-back for $VIM: "/usr/share/vim"
    Compilation: gcc -c -I. -D_FORTIFY_SOURCE=0 -Iproto -DHAVE_CONFIG_H -arch i386 -arch x86_64 -g -Os -pipe
    Linking: gcc -arch i386 -arch x86_64 -o vim -lncurses

Could anybody tell me what's wrong here? Thanks so much!