Yeah.
What the heck are you using?
A molex (the kind you plug into your hard disk and cdrom drives) connector has 4 wires on it.
A yellow, red, and two blacks. The yellow is 12v, the red is 5v, and the two blacks are ground (more or less, 0v).
Put your leads (it doesn't matter which; you'll just get a sign difference) across the yellow and red wires.
You <i>should</i> read either +7 or -7 volts.
If you're reading 12v, then unhook that power supply before it melts, and liquid copper burns your entire house down.
If you're reading under 7 volts, then heave both the multimeter and power supply in the garbage; one of them is bad.
If you have one of the leads in the unfused 10amp socket, when it should be in the 500ma/2A socket, dunk your head in a bucket of water and wash your eyes out, because your meter should have been reading 0v.
"I personally think filesystems should be rewritten from scratch every 5 years..." --- Hans Reiser