Or another way of looking at it is, verify that the signal that you are expecting is there (DMM) and then go in with a 'scope and inspect it.
In the OP's case,I agree that would have been the best procedure.
In many circuits,though,the DMM may see either nothing,or a deceptively low voltage.
It would,however show the presence of a DC or low frequency AC voltage between two points.
In practice,measurements w.r.t. a common or "Ground" point (not always the same,as some circuitry does not connect the common to either Mains Earth,or any metalwork) are adequate for most work.
In the unusual case of needing to display the voltage between two points which are both above Ground potential,the method described by
tautech is usually adequate.