The data you put in the ViewBag/ViewData is only available during the life-cycle of the request within which you populated it. MVC does not have post backs. If you need something to persist over more than a single request, you should use Session.
Here is a decent article about the differences between ViewData, ViewBag, and TempData: http://rachelappel.com/when-to-use-viewbag-viewdata-or-tempdata-in-asp.net-mvc-3-applications