She and Hunter were enemies; that she understood. He hated her. She understood that even better. But deadly enemy or not, hated or not, Loretta never would have laughed at him if their roles had been reversed. She might have obliged him and slit his throat, dad-blame him, but she wouldn't have laughed. She hated him more than she had ever hated anyone--so much that during the course of the afternoon, she had imagined murdering him in a dozen inventive ways. Not that she'd get a chance or that she would do it even if the opportunity presented itself.
Loretta and Hunter share a deep-seated animosity, with Loretta fully aware of the intensity of Hunter's hatred toward her. While they are bitter enemies, she recognizes that regardless of their animosity, she would never find humor in his demise. Instead of mocking him, she would have treated him with a grim seriousness that reflects the depth of her feelings.
Though Loretta harbors extreme loathing for Hunter, even imagining inventive methods of causing him harm, she understands the reality of their situation. She realizes that, despite her fantasies of violence, the practicality of acting on those thoughts is another matter entirely. This inner conflict reveals her complex emotions, showcasing the fine line between hatred and respect, even in the fiercest of rivalries.